New Delhi, Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First … Read more
The Nifty Bank fell over 1% on Thursday tracking weak global cues to close below its crucial psychological support of 48,000. The banking index fell 533 points to close at 47,487 while the Nifty50 saw a decline of 345 points to close below the 22000 mark. IDFC First Bank, PNB, HDFC Bank, and IndusInd Bank … Read more
A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors’ focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming out. 1/ WILL THEY, WON’T THEY? Hints of whether the Fed still expects interest rate … Read more
“There are a good number of senior management people we have already boarded to the bank and they are also setting up the bank and so it is the right time, given we have a very professional team,” says Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank.What are your future plans?I need to retire and … Read more
Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a Rs … Read more
The BJP, which is aiming to topple the Naveen Patnaik government in Odisha, plans to hold as many as 100 election rallies in the state, with key speakers including Prime Minister Narendra Modi and Union Home Minister Amit Shah. Odisha BJP vice-president Golak Mohapatra on Sunday said that mega rallies will be held in all … Read more
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more
File. | Photo Credit: PTI The Enforcement Directorate (ED) on March 11 attached properties worth ₹4.81 crore in Srinagar in an alleged bank fraud case. “The ED has provisionally attached immovable properties worth ₹4.81 crore in the form of 18 kanal of land (approx.) and building, which pertains to Isfaq Ahmad Zargar, Khalil Ahmad Mughal, … Read more
Kolkata: The Reserve Bank of India has told banks and other lenders to disclose more information about their climate-related financial risks so that stakeholders — from regulators to customers — can understand and assess the risk early. Climate-related disclosures by regulated entities is an important source of information for different stakeholders — customers, depositors, investors … Read more
Representational file image. | Photo Credit: G.N. Rao As part of its efforts to spread voter awareness, the Election Commission has tied up with the Indian Banks’ Association (IBA) and the Department of Posts (DoP) to amplify its outreach to electors ahead of the upcoming Lok Sabha elections. The EC signed Memorandum of Understanding (MoU) … Read more